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What you need to know for 04/23/2017

Former teller gets 3 to 9 years for stealing $80,000 from Albany bank

Former teller gets 3 to 9 years for stealing $80,000 from Albany bank

A former head teller at an Albany Trustco Bank branch was sentenced Tuesday to up to nine years in s

A former head teller at an Albany Trustco Bank branch was sentenced Tuesday to up to nine years in state prison for taking thousands of dollars from the financial institution.

Jeffrey Roscoe, 28, of Crown Point, pleaded guilty in January to one count of second-degree grand larceny and fourth-degree tax fraud, both felonies.

In exchange for his plea, he received a total sentence of three to nine years in state prison.

Roscoe was originally accused of taking a total of $95,454 from the Trustco branch at 415 Whitehall Road. Officials Tuesday placed the final figure at about $80,000.

Roscoe took the money over a period of nearly two years, authorities said. The thefts started Feb. 1, 2010, and continued until Dec. 15, 2011.

Authorities believe he made a number of false transactions, withdrew the money and then canceled the original transaction.

An internal audit finally uncovered the scheme, authorities said.

Roscoe immediately became a suspect after the audit spotted a discrepancy in his accounting. He was suspended as the internal and criminal investigation began.

According to police, the bogus transactions did not compromise any customer accounts. The money instead was taken directly from the bank.

In addition to taking the money, Roscoe was accused of failing to pay $3,000 in income tax on the proceeds.

Restitution was put at $83,607 to Trustco Bank and $5,699 to the state Department of Taxation and Finance.

This case was prosecuted by Assistant District Attorney Benjamin Clark of the Financial Crimes Unit.

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